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If an arena hosts a concert for the same artist two years in a row and earns $1,500,000 in revenue during year one and $975,000 during year two, what is the percentage decrease in profit?

Respuesta :

absor201

The percentage decrease is 35%.

Step-by-step explanation:

Given,

Revenue generated in first year = Old value = $1,500,000

Revenue generated in second year = New value = $975,000

Change = New value - Old value

Change = 975000 - 1500000= -$525000

The negative sign indicates the decrease.

Percent decrease = [tex]\frac{Change}{Old\ value}*100[/tex]

Percent decrease = [tex]\frac{525000}{1500000}*100\\[/tex]

[tex]Percent\ decrease=\frac{52500000}{1500000}\\\\Percent\ decrease = 35\%[/tex]

The percentage decrease is 35%.

Keywords: percentage, subtraction

Learn more about percentages at:

  • brainly.com/question/2977815
  • brainly.com/question/3071107

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